Bank of America Corporation
Bank of America
Risk Analysis Sr Specialist - Consumer Card Strategy
Jacksonville, FL, 32232, USA
The Risk Analysis Sr Specialist will be responsible for the evaluation of consumer card new account strategies (product, pricing, underwriting & targeting) that maximize profits and minimize credit losses and other risk exposures. Provides and directs complex analysis on product & underwriting strategies to establish risk threshold and ensure company goals are met. Analyzes performance trends to identify issues, opportunities and recommend credit actions. Provides governance and control for new risk strategies. Communicates with, influences, and presents to peers and senior management in Card Lines of Business, Internal Audit, external Regulators, and Enterprise Risk partners. Industry risk management and SAS or SQL experience preferred.
Primary responsibilities include:
Performing complex analysis that maximizes profits and asset growth & minimizes credit losses and risk exposures
Reviewing and approving new account strategies to ensure company goals are met
Reviewing and analyzing portfolio asset quality and emerging trends and risks
Oversight of pilot programs, champion/challenger strategies and tests
Reviewing strategy changes (UCRA) and providing management recommendations around credit risk and reward
Establishing program performance guardrails and evaluating performance
5 years supporting Consumer Products/Underwriting with experience in unsecured lending or comparable experience in Risk, Compliance, Audit, or similar Risk function.
3 years of experience in analytical role such as reporting or strategy development
Understanding of consumer card data
Proven experience in partnering, influencing and persuading to achieve desired results.
Demonstrated conviction and decision orientation
Ability to escalate identified issues to management with the proper assessment, root cause analysis, impact, and next steps.
Experience in developing presentations and delivering to senior level executives
Excellent oral, written, influencing and interpersonal communication skills.
Proficiency in using MS Word, EXCEL and PowerPoint.
Demonstrated ability to overcome obstacles and manage conflict constructively.
SAS / SQL knowledge
Experience with consumer card data warehouses/databases (NAR, Bacardi, etc.)
Statistical acumen and knowledge of modeling and model use.
Knowledge of UCRA, Decision Strategy Governance, and Model Risk Management policies and procedures, the interdependencies, and alignment to the Risk Framework.
Enterprise Role Overview
Responsible for performing complex analysis and is engaged in the development of modeling that maximizes profits and asset growth and minimizes credit and operating losses and other risk exposures. Provides analytical support on various product strategies to ensure company goals are met. Coordinates the production of performance reports for senior mgt. Reviews and analyzes trends in current population distributions and recommends strategies. May participate in or develop complex program models to extract data and use databases to provide statistical and financial modelling. Master's degree or large data experience preferred; Programming experience like SQL, SAS preferred and/or Micro Strategy experience preferred. Minimum of 5 years experience
**Posting Date** : 02/09/2018
Newark, DE, Deerfield III, 655 Paper Mill Rd,
Jacksonville, FL, JACKSONVILLE 3, 4804 DEER LAKE DR E,
Charlotte, NC, BANK OF AMERICA CORPORATE CENTER, 100 N TRYON ST,
Charlotte, NC, 201 N TRYON ST (NC1022),
Dallas, TX, BANK OF AMERICA PLAZA, 901 MAIN ST,
- United States
**Travel** : No
**Full / Part-time** : Full time
**Hours Per Week** : 40
**Shift** : 1st shift
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Bank of America Corporation
Website : http://www.bankofamerica.com
Bank of America Corporation, through its subsidiaries, provides various banking and financial products and services for individual consumers, small and middle market businesses, institutional investors, corporations, and governments in the United States and internationally. The companys Consumer & Business Banking segment offers traditional and money market savings accounts, CDs and IRAs, checking accounts, and investment accounts and products, as well as credit and debit cards; and lending related products and services, working capital management, and treasury solutions. This segment provides its products and services through operating 5,100 banking centers, 16,300 ATMs, call centers, and online and mobile banking platforms. Its Consumer Real Estate Services segment offers consumer real estate products comprising fixed and adjustable-rate first-lien mortgage loans for home purchase and refinancing needs, home equity lines of credit, and home equity loans. The companys Global Wealth & Investment Management segment provides investment and brokerage, estate and financial planning, fiduciary portfolio management, cash and liability management, and specialty asset management services; and retirement and benefit plan, philanthropic management, and asset management services. Its Global Banking segment provides various commercial loans, leases, commitment facilities, trade finance, real estate and asset-based loans, and consumer loans; treasury management, foreign exchange, and short-term investing options; and debt and equity underwriting and distribution, and merger-related and other advisory services. The companys Global Markets segment offers sales and trading services for securities and derivative products in primary and secondary markets; market-making, financing, securities clearing, settlement, and custody services to institutional investor clients; and risk management products. The company was founded in 1874 and is based in Charlotte, North Carolina.